Re: "Socialist command type economy in Iraq"????

[Hari Kumar <hari.kumar@xxxxxxxxxxxx>]

Ken: "In Iraq oil resources are nationalised and although it certainly
was not socialist there was certainly considerable public ownership and
planning not based upon market considerations but upon political policy
command type features. The US will privatise all of this and make
everything open to private investment and "competition" among crony
capitalists. That is what I meant by remnants of a socialist command
type economy. Perhaps publicly owned and non-market, non-capitalist
elements would be less provocative. I didnt mean to suggest that Iraq
was ever basically socialist."
COMMENT:
Thanks re clarification Ken. You are right I was referring primarily to
the assertion as it stood with respect to Iraq. I would strongly contend
the same for former Yugoslavia - as far as the term 'socialist' is
concerned - also.
Cheers, H